Notice Document by Insurance Company - Form N-VP

GLOSSARY

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IMPORTANT INFORMATION YOU SHOULD CONSIDER ABOUT YOUR CONTRACT

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Fees and Expenses

Charges for Early Withdrawals

During the first 10 policy years, if you: (1) surrender the Contract, and/or (2) take partial withdrawals in excess of the Free Withdrawal Amount, you will be assessed a withdrawal charge of up to a maximum of 7.75% of the withdrawal amount in excess of the Free Withdrawal Amount. The Free Withdrawal Amount in any Contract Year is 15% of total premiums paid.

For example, if you surrender your policy in year two , you could pay a surrender charge of up to $7,750 on a Contract with $100,000 in excess of the Free Withdrawal Amount.

Transaction Charges

In addition to surrender charges (if applicable), the investor may also be charged for other transactions.

A $10 Transfer Fee may be charged for the thirteenth and each subsequent transfers within a Contract Year, not including transfers due to dollar cost averaging or automatic portfolio rebalancing. Currently, we are waiving this fee.

We will also charge a premium tax charge of up to 2.25% on a partial withdrawal or full surrender in excess of the Free Withdrawal Amount.

An Accelerated Death Benefit Administrative Fee of up to $250 is imposed if you request an Accelerated Death Benefit payment.

If you take a policy loan, the maximum interest rate imposed is 8%.

Ongoing Fees and Expenses (annual charges)

In addition to surrender charges and transaction charges, the Contract is subject to certain ongoing fees and expenses, including fees and expenses covering the cost of insurance under the Contract, which are set based on characteristics of the insured (e.g., age, sex, and rating classification). Other ongoing charges include the monthly tax expense charge, the mortality and expense risk charge, the monthly administrative charge, an annual maintenance fee and loan interest, if any. Investors should view the Contract data page of the Contract for rates applicable to their Contract.

Investors will also bear expenses associated with the Portfolio Companies under the Contract, as shown in the following table:

Total Annual Fund Operating Expenses*

(expenses that are deducted from Fund assets, including management fees, distribution and/or service 12b-1 fees, and other expenses)

This Contract is not a short-term investment and is not appropriate for an investor who needs ready access to cash. The Contract is designed to provide a life insurance benefit or to help meet other long-term financial objectives. Substantial fees, expenses, and tax implications generally make variable life insurance unsuitable as a short-term savings vehicle. Additionally, the Withdrawal Charge imposed on surrenders and withdrawals during the first 10 Contract Years will reduce your surrender proceeds, as well as the premium tax charge. In addition, a surrender may have adverse tax consequences.

An investment in the Contract is subject to the risk of poor investment performance and can vary depending on the performance of the investment options available under the Contract (e.g., the Portfolios). Each investment option will have its own unique risks. You should review these investment options before making an investment decision.

Summary - Certain Risks of Investing in the Contract

Contract Lapse

Your Contract could lapse (terminate) if the value of your Contract is too low to support the Contract's monthly charges due on the Monthly Activity Date. This can happen due to insufficient premium payments, poor investment performance, withdrawals, unpaid loans or loan interest, and contract charges (including increases in those charges). We will notify you in writing that if the amount shown in the notice (which will be sufficient to cover the monthly charges due) is not paid withing 61 days ("Grace Period"), there is danger of lapse.Death benefits will not be paid if the Contract has lapsed.

If the Insured dies during the Grace Period, the proceeds payable under the Contract will be reduced by the Monthly Deduction Amount(s) due and unpaid.

If the Contract lapses, you may apply for its reinstatement by paying us the reinstatement premium (and any applicable charges) required under the Contract. You must make a request for reinstatement within 5 years of the date the Contract entered a Grace Period. If a loan was outstanding at the time of lapse, we will require repayment of the loan before permitting reinstatement.

In addition, we reserve the right to require evidence of insurability satisfactory to us. All Contract changes continue to be based on your original Contract Date. You cannot reinstate the Contract once it has been surrendered.

We limit the number of Variable Sub-Accounts you can invest in at any one time to twenty (20). We reserve the right to add, combine, remove or substitute Portfolios as investment options.

We reserve the right to limit the size of transfers and remaining balances, and to limit the number and frequency of transfers among your Variable Sub-Accounts. In addition, while we currently are not charging a transfer fee, the Contract gives us the right to impose a transfer fee in certain circumstances. We reserve the right to limit transfers in any Contract Year, or to refuse any transfer request for a Contract Owner or certain Contract Owners. For example, we reserve the right to limit excessive trading and transfers that would disadvantage Contract Owners or have a detrimental effect on Accumulation Unit Values or the share price of any Portfolio.

Any Accelerated Death Benefit payment is subject to a minimum and maximum, as well as certain qualifying criteria. The payment amount will be the amount requested less a $250 fee and may also be discounted in certain circumstances.

You should consult with a tax professional to determine the tax implications of an investment in and payments received under the Contract.

There is no additional tax benefit to the investor if the Contract is purchased through a tax-qualified plan or individual retirement account (IRA).

Earnings on your Contract (if any) are taxed when you withdraw them (or if a contract loan is not repaid), at ordinary income tax rates, and may be subject to a tax penalty for age 59½.

From time to time, we may pay or permit other promotional incentives, in cash or credit or other compensation. In addition, under certain circumstances, certain sellers of Contracts may be paid persistency bonuses which will take into account, among other things, the length of time premium payments have been held under a Contract, and contract values.

Average Annual Returns

(as of 12/31/23)

Average Annual Returns

(as of 12/31/23)

Average Annual Returns

(as of 12/31/23)

Average Annual Returns

(as of 12/31/23)